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Closing Bell

Closing Bell: Consumer Staples & Cutting Through the Fed Tape 8/30/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 30 August 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

And welcome to closing bell everybody.

0:03.0

I am Brian Sullivan Live from Post 9 here at the New York Stock Exchange

0:07.0

and the hour begins with what could be a fourth straight month of games for Dow, the S&P and your money.

0:12.0

Let's take a look at the scorecard with 60 minutes left. of the

0:15.0

month of Gains for the Dow, the S&P and your money.

0:16.0

Not only in the day or the week, but for the month of August,

0:19.0

and we are seeing not a lot of move.

0:21.0

S&B at 4 tenths of 1%.

0:23.2

Nasdak outperforming, it is up 5 tenths of 1%.

0:27.3

Gowdown literally, caught unchanged, down 2, 100th of 1%.

0:32.0

Hey, it is a Friday in the summer

0:35.1

heading into a long holiday weekend,

0:36.8

the market's steady, but there are some very big single stock

0:39.9

movers.

0:40.6

You got Intel stock popping, listen to this, reports that Intel could be looking to sell part of itself

0:46.6

Intel we got someone who says the name could be even a bigger takeover target now

0:51.4

It's a mixed picture on the consumer side. On one hand you

0:55.0

got Ulta Beauty more like the beast. It's down 4% hit on the back of earnings

1:00.8

but Abercrombie and Fitch getting a boost Citigroup

1:04.4

upgrading the stock to a buy from a neutral and if you haven't been paying attention to the

1:09.5

teen or tween retailer Abercrombie, A&F, is up 65% so far this year. It has been one of the hottest stocks of all.

1:20.0

All right, this all talk takes us to our talk of the tape, how to play stocks into the year end.

...

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